This property looks like a bad Long-Term investment with a projected -22.33% first-year return on $172k initial cash invested.
-22.33%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$3,452
Rent
-$3,199
Cashflow
Cash Flow
$3,452 income − $6,651 expenses = $3,199 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,452
Total Expenses
$6,651
Mortgage P&I
129%
$4,464
Property Taxes
27%
$944
Home Insurance
10%
$345
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0